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Administrator Guide
Last Updated: 2023-06-23
Create Rule Sets for First-Notice Items

Create Rule Sets for First-Notice Items

  • Define rules for first-notice items.
  • Security:
    Set Up: Bank Reconciliation
     domain in the Banking and Settlement functional area.
You can use first-notice item rule sets to find bank statement items that don't have matching account transactions. Workday creates ad hoc transactions for these first-notice items based on the rules within each rule set. First-notice item rule sets are optional for automatic bank reconciliations.
  1. Access the
    Create Bank Reconciliation and First Notice Item Rule Set
    .
  2. For the
    Bank Reconciliation Rule Set Type
    , select
    First Notice Rule Set
    .
  3. Specify an
    Ad Hoc Bank Transaction Template
    .
    Workday uses this template for any rules in the set that don't specify a template. Ad hoc transaction templates provide greater flexibility so that you can reuse rules across bank accounts.
  4. Click the prompt at the right to select a first-notice items rule. The prompt only displays rules that match the
    Reconciliation Rule Set Type
    .
  5. Assign the first-notice item rule set to a company bank account.
When you run an automatic bank reconciliation, Workday applies the reconciliation rules prior to the first-notice items rules.